Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-02-26

spirit az hostility 10 fhs hill. A. 20 she
siaaement made hy the Senator from
NshwaskR that The bin was ia ahe inter
est Of the peorle IN The East. be- re
minded that Senator that the Le9isia
tnres Of ail the EASTERN states. the
Chambers 81 Commerea, Boards Of
Trade and all the cattle associations
ha9 urged this legislation. The adop
tion of the snbstftnte be regarded a.
the death knsll Of the bin. nnd be want
ed the coantFy 20 know that TIE friends
Of the bill understood the puFpess and
motiFa with which The substitute wns
offered and sustained
vsa Wvck said thak be aQrsed With
very m1oh Of what the senator from
Colorado said. He bad voted aeainsi
the substitute and vas IN favor of the
bin a. il oame fram the commitiee. he
bad intended. II be had the opportunity
% odef his amendment 70 the original
bill
Miller said Il wss unnecessary. as the
original bin uould not spply 10 TIE
diseases Of swine.
Van Wyek did not s0ree With that
statement and declared his desire aoi
70 sntaRouizs the bill, but 70 make 4
heftar.
Dawes moved to reconsider the vote
adopting the substitute bill.
II vas then laid aside informally.
When taken up again the 6rst vote VII
Be % reeonsideEing tbs vote adopting
Edmunds substitute.
The President laid bsfsrs he BODY
the Pscine railway investigation rssola.
tion.
| A recess vas taken until s O'Clock.
when final vote will Be taken.
/ When the Senate reassembled ii ai
once proceeded to the consideration Of
the House joint resolution for An In
gesfiQa len az the books Of the Paeifie
railways. with the amendment Of the
senate thereto. in the nature Of q sub
stitate.
McPherson meved to strike from the
substitute sections 4. 3 and 6.
1 These sections confsr upon the Presi
dent certain powers to redeem under
certain circumstances mortgages and
liens on roads paramount to the right,
title and interest Of the United States
increasiRQ TO 90 Der cent of their net
earniRRs. the amoust to be paid By The
companies into sinking fund and
Authorizing the investment Of the sink.
inR fuud In the 6rst mortgage bonds Of
the companies
McPherson said the 40 per osnt feature
| would operate unfairly.
/ Hoar remarked that Il would bank
rupt the Union Pacific.
| Wilson, Of Iowa, tuGgestfd that the
Senator from New Jersey modify his
motion, 20 as 20 excluds therefrom the
fourth section. which confers certain
| powers upon the President.
Mcpherson acted on this suggestion
and the vote vas taken on striking out
the fifth and sixth 1.-THE sinking fund.-
sections and they we're stricken out;
yeas 26. nsvs II.
Mcpherson then moved to strike out
the fourth secfisn Of the substitute an
thoFixiaR the President 10 redeem prior
mortgages.
Wilson, Of Iowa. advocated The SEQ
ton and said il hsd been fully consid-
cred BY the Judiciary Commiltee, not
only at this session. but for the last
three years.
Butler asked him whether the section
contained an appropriation
Wilson said that il did not directly,
\ bat that it did By implication.
Butler nsked how many millions were
involved In the first mortgage bonds.
wilson-About ga O00.O00.
| Bntler-So thai amount might b
necessary 70 remove these liensf
Wilson--If might be necessary TO use
that amount OF money less the amount
| in the sinking fund.
Dawes asked Mr.. Wilson whether be
would add 10 the section the words.
aud the amount necessary is hereby
appropriated"
| wilson, have no objection.
Dawes-Ks there any precedent for an
appropriation by implication Of such
/ an enormous sum Of money?
Wilson said be bad no disposition to
discuss matters. II it was thought that
/ the resolution vas not sufficiently ex-
pIicit II conld be amended.
Mcpherson said II Il vas the desire
las 10 seemed 10 bel Of the Senators to
| retain this section be was willing TO
withdraw his motion.
Sherman said that IN his judgment
the fourth section ought not to be IN the
| bin. FIRST Because Il vas wrong IN
/ principle, in the fact that u conferred
enormous powers on the President of
the United Ststes ten years in advance
Of The exercise Of such powers. There
would be no default in the principal q
these irst mortgage bonds till 1881 on
she average. The section was mere
brNfnm fslsneH except that 10 conferred
nonibally, ss least, 4 very dangerous
power lopg years IN advance OF its exsr-
else. AZ to the suggestion that the com
ranies might defsult IL their interest,
such a thing vas not eopoeivable. In-
tersst vas paid, and would Be paid, as
promptly as the inteFest on the United
States bonds. Suoh an idea has
never occurred 10 the mind Of mortal
man, because back Of the arst mort
GAGE securities there vas an tmusense
interest. amounting 30 el30000,000 or
Ri40,OO0,OO0, standing behind them.
il Therefore the contingency Of failure
20 paw tbe interest or 10 pay the pEtn-
eipal on maturity vas thing not 30 be
Thought Of for at least ten yesFa. Sueh
I suggestion pat into Lac OF Congress
was 9 mere attempt 20 shear" down the
Rrst mortgages bonds. The section.
therefore, ahsuId not be IN the bill, and
he hoped that tbe HenafnF from New
Jersey ~said adhere to bis motion 20
strike u out.
Mcphersou--I wiIl adhere 10 IL.
prefer 70 have 10 stricken out.
Sherman said be had not read the bill
carefully until today, and be bad %
confess that on tbs whole. with some
dualificsttons. the House resolutions
covered all that VAS requisite IN the
matter. He thought the rate hxed 10
the Senate biII for the compensation OF
the Oommiseioners (f750 per month }
gas far 100 high. The effect II it
wac likely 10 Be the pFelongina o.
Investigations. Tue smOgnt 1xed ~
the Hsuae $4,000 Q ysaF) was probably
too small. He thought that t5oo0 .
year woald be neareF the right sum. Ne
hoped the Senate would strike cut fhe
fourth section - entirely anneceesAFy.
After 9 prolonged debate The Pasiae
Railroaa resolution vas pssssd a. lsss
q. ~.
The Iouse.
wAsHrsTos, Feb. 25.-Tbe speaker
lad bsiors the House q message ffoEn
tee President, FstnFniBe uithoot he ap-
YroxAl tee bill for tbs rslisf Of The
uidO1 Of the late JOHN How. Referred
70 the C0mmittss on Claims.
The SPEAKER al>0 iald before the
HOUSE & nessaos from the senate, an
.aoosnR the passaRs hy thai BODY,
ever ths Prta dent's veto. of thA hiii fer
foF the r-lisf Of IUomas h HJpkinR.